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OCCIDENTAL PETROLEUM SHARES FALL 4%; EXXON SLIPS 1.6%

2026-03-23

OCCIDENTAL PETROLEUM SHARES FALL 4%; EXXON SLIPS 1.6%

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2026-03-24

Goldman Sachs raised the likelihood of a U.S. recession in the next 12 months to 30%, up 5 percentage points, citing surging oil and gas prices, tighter financial conditions from the Middle East conflict, and fading effects of Trump’s tax law. Chief

Goldman Sachs raised the likelihood of a U.S. recession in the next 12 months to 30%, up 5 percentage points, citing surging oil and gas prices, tighter financial conditions from the Middle East conflict, and fading effects of Trump’s tax law. Chief Economist Jan Hatzius projects unemployment will reach 4.6% by year-end. The bank expects sub-trend GDP growth of 1.25–1.75% in H2 and anticipates Fed rate cuts in September and December. Goldman also raised its oil forecast due to ongoing Strait of Hormuz disruptions.
2026-03-23

US TREASURY YIELDS REVERSE COURSE TO FALL SHARPLY; 2-YEAR YIELD DOWN 8 BPS, 10-YEAR YIELD DOWN 7 BPS

US TREASURY YIELDS REVERSE COURSE TO FALL SHARPLY; 2-YEAR YIELD DOWN 8 BPS, 10-YEAR YIELD DOWN 7 BPS
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